Rallis India has discontinued its manufacturing operations at company’s factory located at Turbhe in Navi Mumbai. The company had announced a voluntary retirement scheme (VRS) for the employees of the said unit. Pursuant to which employees applied for the VRS and all have been accepted by the company.
Rallis India mainly deals in Agri Business and has emerged as one of the leaders in the Indian Agrochemical Industry. The company is also in the Institutional business providing technical and bulk of various molecules to leading companies like Bayer, Syngenta, Excel, UPL, Gharda, Cheminova etc.
The company’s net profit for the quarter rose marginally by 5.38% at Rs 61.86 crore as compared to Rs 58.70 crore for the quarter ended September 30, 2010. Total income has increased by 18.63% to Rs 436.53 crore for the quarter under review from Rs 367.99 crore for the similar quarter of the previous year.